Touch Screen Controllers Market Research Report- Forecast till 2027 —
The touch screen controller is an essential device for touch screen display. The touch screen display can be described as a pressure-sensitive device with a sense of pressure when touched on the display screen.
The need for touchless technology has gained such momentum that it has led to unparalleled development of touch screen controllers market 2020. The semiconductors & electronics industry reports are produced by Market Research Future, which highlights market options for expansion. A revenue level of USD 10 billion is likely to be realized with a 16% CAGR by the end of 2022.
The important factors responsible for the development of the market for touch screen controllers are the growing demand for smart electronic devices, the increasing demand for a touch screen by various automotive manufacturers to provide GPS and other entertainment facilities, the increasing trends in wearable devices, and the high demand for capacitive technology. In addition, the rapid growth of the Internet of Things around the world and the use of touch screen devices in the education sector could create opportunities for manufacturers of touch screen controllers. The factors that limit the development of the market are the technical complications of data collection and the false triggering of switches, particularly in smaller touch screen devices.
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The segmental insight into the touch screen controllers market is carried out on the basis of interface, application, end-users, technology, and region. Based on the types, the touch screen controllers market has been divided into resistive and capacitive controller. Based on the interfaces, the touch screen controllers market is segmented into USB, URT, I2C, and SPI. The application-based segmentation of the touch screen controllers market consists of media players, GPS devices, smartphones, control displays, and others. Based on the end-users, the touch screen controllers market consists of banking, automotive, industrial, consumer electronics, and healthcare, among others. On the basis of regions, the touch screen controllers market has been segmented into Europe, Asia-Pacific, North America, and RoW.
On the basis of interface, the global touch screen controllers market has been segmented into I2C, USB, URT, and SPI.
Based on application, the global touch screen controllers market has been segmented into smartphones, media players, GPS devices, control displays, among others.
On the basis of end-users, the global touch screen controllers market has been segmented into healthcare, banking, industrial, automotive, and consumer electronics, among others. Of these, the automotive segment held the largest market share. The technology is improving as a more significant number of companies are launching competitive products.
Regionally, the global touch screen controllers market has been segmented into four regions: North America, Europe, Asia Pacific, and the rest of the world.
The Asia Pacific held the largest share, especially in countries such as China, Japan, and India, mainly due to the rapid growth of industrial automation, increased investment in manufacturing, and advanced system integrated with touchscreens.
The North American area is expected to expand at a steady pace, while the U.S. is one of the largest manufacturers of touch screen controllers, followed by Europe.
The industry giants in the global touch screen controllers market are NXP Semiconductors N.V. (Netherlands), Texas Instruments Incorporated (U.S.), ELAN Microelectronic Corp (Taiwan), Integrated Device Technology, Inc. (U.S.), STMicroelectronics (Switzerland), Samsung Electronics Co. Ltd. (South Korea), Analog Devices, Inc (U.S.), Broadcom Corporation (U.S.), MELFAS Co. Ltd (Korea), Synaptics Incorporated (U.S.) and others.
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Touch Screen Controllers Market, By Technology (Resistive Controller, Capacitive Controller), by Interface (I2C, SPI, USB, URT), by Application (PDAs, Smart phones, GPS devices, Media Players, Industry control displays, Portable instruments), by End-users (Healthcare, Automotive, Banking, Industrial, Consumer Electronics)- Forecast to 2027
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